2141-2144 Palolo Ave - Apartments FOR SALE


Honolulu, HI 96816
$2,213,000 USD
808-541-5146
2141-2144 Palolo Ave, Honolulu, HI for Sale
$2,213,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

2141-2144 Palolo Ave
Honolulu, HI 96816


HIGHLIGHTS

  • Exceptional Location
  • Strong Demand
  • Seamless Unit Mix
  • High Barriers To Entry
  • Flexible Exit Strategies

OVERVIEW

CBRE, Inc. is proud to exclusively present 2144 Kauhana Street Apartments. Conveniently located in the heart of Palolo at the corner of Palolo Ave and Kauhana Street, the 7-unit multifamily and ground floor office building consists of 5,416 SF of building area, on two levels plus a vacant R-5 zoned lot that is used for parking on a total of 9,880 square feet. The site offers an attractive location and is in close proximity to a multitude of amenities in the area including restaurants, shopping and employment opportunities in the dense urban Kaimuki/Palolo neighborhood. A future owner could capitalize on the existing tenancy while implementing a renovation program and bringing rents up as the market continues to be extremely tight. There is an opportunity to take advantage of the stabilized asset while going through the planning and permitting process to either develop the vacant parcel into a new new residence while the parcel is being leased for 3 years.

FOR SALE DETAILS

PRICE

$2,213,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

7

PRICE/UNIT

$316,143

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,879 SF

ZONING

R-5

APN/PARCEL ID

1-3-4-023-038-0000,1-3-4-023-039-0000

ASK ABOUT THIS PROPERTY

Andrew ReendersCBRE, Inc.More Info
808-541-5146

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Andrew ReendersCBRE, Inc.More Info
808-541-5146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.